Rand Capital Co. (NASDAQ:RAND) Short Interest Down 47.7% in January

Rand Capital Co. (NASDAQ:RAND) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 6,700 shares, a decline of 47.7% from the January 15th total of 12,800 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.1% of the company’s stock are sold short.

Rand Capital Stock Up 9.3 %

RAND stock traded up $2.26 during mid-day trading on Thursday, hitting $26.53. The stock had a trading volume of 23,565 shares, compared to its average volume of 15,197. The stock has a market capitalization of $68.45 million, a price-to-earnings ratio of 5.33 and a beta of 0.44. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. Rand Capital has a 1-year low of $13.11 and a 1-year high of $28.50. The company has a fifty day moving average of $20.66 and a 200 day moving average of $18.31.

Rand Capital Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 16th were paid a $4.20 dividend. The ex-dividend date was Monday, December 16th. Rand Capital’s dividend payout ratio (DPR) is presently 337.35%.

About Rand Capital

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.